KKR Income Opportunities Fund (NYSE:KIO) Stock Passes Below 50 Day Moving Average of $15.46

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KKR Income Opportunities Fund (NYSE:KIO)’s stock price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $15.46 and traded as low as $15.50. KKR Income Opportunities Fund shares last traded at $15.54, with a volume of 8 shares.

The business’s fifty day simple moving average is $15.45 and its 200 day simple moving average is $15.66.

The business also recently declared a dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be issued a $0.125 dividend. The ex-dividend date is Thursday, September 12th.

A number of large investors have recently bought and sold shares of KIO. First Trust Advisors LP grew its holdings in KKR Income Opportunities Fund by 5.2% in the first quarter. First Trust Advisors LP now owns 296,712 shares of the investment management company’s stock worth $4,593,000 after purchasing an additional 14,598 shares during the period. Capital Investment Advisors LLC grew its holdings in shares of KKR Income Opportunities Fund by 4.7% during the second quarter. Capital Investment Advisors LLC now owns 79,841 shares of the investment management company’s stock valued at $1,256,000 after buying an additional 3,618 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of KKR Income Opportunities Fund by 15.4% during the second quarter. Commonwealth Equity Services LLC now owns 42,995 shares of the investment management company’s stock valued at $676,000 after buying an additional 5,740 shares during the last quarter. SeaCrest Wealth Management LLC grew its holdings in shares of KKR Income Opportunities Fund by 18.2% during the second quarter. SeaCrest Wealth Management LLC now owns 19,257 shares of the investment management company’s stock valued at $303,000 after buying an additional 2,967 shares during the last quarter. Finally, Claraphi Advisory Network LLC grew its holdings in shares of KKR Income Opportunities Fund by 85.8% during the second quarter. Claraphi Advisory Network LLC now owns 76,067 shares of the investment management company’s stock valued at $1,197,000 after buying an additional 35,128 shares during the last quarter.

About KKR Income Opportunities Fund (NYSE:KIO)

KKR Income Opportunities Fund is a close ended fixed income mutual fund launched by Kohlberg Kravis Roberts & Co L.P. The fund is managed by KKR Asset Management LLC. It invests in fixed income markets and hedging markets across the globe. The fund primarily invests in first- and second-lien secured loans, unsecured loans and high yield corporate debt instruments.

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